This 12 Unit Apartment Community is located on 6419 Mariposa Avenue, Twentynine Palms, CA 92277 . The property consists of Three (3) Studios, Five (5) One- Bedroom / One Bathroom Units, Two (2) Two- Bedroom / One Bathrooms Units, One (1) Two-Bedroom / Two Bathroom Unit, & One (1) Three-Bedroom / One Bathroom Unit. Pride of ownership has been a priority for current ownership as many interior and exterior renovations have been done to the property over the last few years. The properties are currently is situated on a large 2.64 Acre Lot.
Maximize your investment portfolio with this impeccably maintained 4plex, strategically located in 29 Palms, California. Each unit in this complex offers a spacious 1,280 sqft layout with 3 bedrooms and 2 baths, presenting an ideal living arrangement that attracts and retains tenants. Stable Income Generation: Monthly rents are attractive with Unit 1 at $1,625, Unit 2 at $1,650 (recently remodeled), Unit 3 at $1,575, and Unit 4 at $1,625. Low Overhead: As the landlord, you are only responsible for water and trash services, each unit offers its own electric and gas meters enhancing net operational income. High Tenant Demand: The desirable floor plans feature open-concept living areas, large kitchens with ample storage and counter space, luxury vinyl plank flooring throughout, and each unit has its own laundry room increasing tenant appeal and supporting premium rental pricing. Quality Upgrades: All units boast large stainless steel sinks, upgraded faucets, modern water heaters, and updated lighting fixtures. Units 1 and 2 have been upgraded with a new 2,500-gallon concrete septic tank. Enhanced Tenant Comfort: Features dual-pane windows with treatments, annually serviced central HVAC systems, and new water-efficient toilets to ensure a comfortable living environment. Additional Amenities: large carports for parking and each unit has an additional exterior storage. Unit 4 offers a large fenced backyard for added privacy and outdoor enjoyment. Owner Pride & Maintenance: The current owner's commitment to excellence is evident, with regular upgrades and meticulous maintenance ensuring the property remains in top condition. This dedication not only preserves the property’s value but also keeps occupancy rates high. This 4plex represents a turnkey solution for investors seeking a property that combines high yield with low maintenance in a growing market. The consistent upkeep and strategic updates have positioned this property as a superior offering in the local real estate market. To view each unit virtually copy and paste the URL into your search browser. Unit 1: https://my.matterport.com/show/?m=rJ9dQZsEpEP Unit 2: coming soon Unit 3: https://my.matterport.com/show/?m=1jQkbfg7wB9 Unit 4: https://my.matterport.com/show/?m=acW3pJm6qQG
GREAT INVESTMENT OPPORTUNITY! LOCATION! LOCATION! LOCATION! 15 units all on individual parcels each unit is 2,496 sq ft. Location! Location! Location! Conveniently located in the middle of down town Twentynine Palms, walking distance to shopping, Dinning, New Freedom Plaza, Right down the street from Tortious Rock Casino. MBTA Bus station across the street. Twentynine Palms is up and coming area, with new development each day! Visit the Saturday morning Farmers Market one of the best in Southern California located at our beautiful Freedom Plaza. Military Base 5 minutes away. View of mountains. One of the appealing facts are 5 units with 5 separate parcel numbers. Units sold all together, but when time to sell again can sell off one by one because each building sits on its own parcel.
Commercial Asset Advisors is pleased to present a recent price reduction on Palm Oasis, the highest cap rate Multifamily acquisition opportunity in drivable Sunny Southern California! 6563 Oasis Ave is a fully renovated multifamily asset producing a massive 8.92% cap rate in-place and a 9.84% proforma cap rate with over $132k in current gross scheduled income. The forecasted aggregate annual return is a MASSIVE 25% aggregate annual return when utilizing financing, a forecasted $32k+ in annual tax depreciation, and a historical 2-3% annual appreciation. The asset provides an investor with the unique opportunity to acquire a truly turnkey multifamily holding in Sunny Southern California with a qualified & stable tenant base next to the US's largest Military Training Base to produce superior returns to market rate t-bills, bonds, etc while also receiving the various tax benefits and appreciation returns of California real estate. The property has undergone extensive capital improvements in the last 18 months including but not limited to all new plumbing supply, electrical, roofs, windows, HVAC, quartz countertops, vinyl flooring, new cabinetry, fencing, landscaping, stucco, and paint. The City of Twentynine Palms rests in the Mojave Desert of Southern California located in between Los Angeles and Phoenix, Arizona. The city is home to Joshua Tree National Park headquarters and north entrance, one of the most popular national parks in the United States. It is also the proud host of the Marine Corps Air Ground Combat Center, the world‘s largest Marine Corps training base. Locals of Southern California are familiar with Twentynine Palm’s proximity to the beautiful vacation town of Palm Springs and Indio, CA, the host of one of the World’s most famous music festivals, Coachella. The city offers a variety of amenities, including restaurants, shops, and parks. There are also a number of outdoor activities available, such as hiking, camping, rock climbing, and dirt biking. Twentynine Palms has a mild climate year-round with temperature ranges from 65 degrees Fahrenheit in the winter to 100 degrees Fahrenheit in the summer.
Turnkey, cash-flowing property in an amazing location. Located right behind the new downtown renovation project "Project Phoenix. This property is close to local restaurants, bars, and shopping. You can also enjoy the Farmer's Market held in Project Phoenix every Saturday. This property is centrally located in the City of Twentynine Palms. It is close to Joshua Tree National Park, the Marine Base, and Tortoise Rock Casino. This is a 7 unit complex. It has six 1-Bed, 1-Bath units and a studio at the end of the building. This used to be a six unit property with five 1-Bed, 1-Bath units and a two-bed, two-bath unit. The 2nd bedroom unit has a door sealed off and rented separate of the main unit. Buyer responsible for checking permits. There is a dedicated laundry room that has two washers and two dryers. These units are great for small families or individuals looking for an affordable, clean place to call home. The complex has a carport with 6 covered spots, additional uncovered spaces in the parking lot. Current owner has been replacing evaporative coolers with mini-splits. Three units have mini-splits for heating and cooling. Three units have evaporative coolers and wall heaters. The studio has a wall-mounted A/C unit and space heaters.
BOM - No fault to property, buyer couldnot qualify. Great location right next to Joshua Tree National Park with views of the mountains from the property. Also close to Tortoise Rock Casino and Marine Base. Each Unit is a large 2 bedroom 1 bathroom (total 4224 sq ft), with spacious living room, kitchen with pantry, breakfast counter, stove/range, hood, refrigerator, dishwasher, seperate laundry room with washer & dryer and individual water heater, attached garage and driveway. Garages are next to each other so common wall is mostly on garage. Each unit with it's own Gas and Electric meters and water heater. Large 20,000 sq ft lot. Potential for upside. Last 2 years income and operating expenses for the last 2 years and rental contracts attached in documents.
29 Palms is located in California. 29 Palms, California has a population of 12,997.
The median household income in 29 Palms, California is $41,509. The median household income for the surrounding county is $57,156 compared to the national median of $57,652. The median age of people living in 29 Palms is 24.1 years.
The average high temperature in July is 102.7 degrees, with an average low temperature in January of 40.8 degrees. The average rainfall is approximately 5.8 inches per year, with 0 inches of snow per year.
